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  • $600,000

    548 Prairie Ave, Downers Grove, IL 60515

    5beds
    --sqft
    Multi Family
    Built in 1927
    -- sqft lot
    $600,100 Zestimate®
    $--/sqft
    $2,155 Estimated rent

    Home value

    $600,100

    $552,000 - $648,000

    $2,155/mo

    Zestimate® history
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    What's special

    Rare Downers Grove two flat offering immediate cash flow with both units currently leased, an investor's dream or a savvy owner occupant's entry into real estate. This well maintained property sits just steps from the Fairview Metra station, Hummer Park, and top rated schools. The main level unit delivers 1,129 square feet of above grade living space with 3 bedrooms and 1 full bath. Gorgeous floors flow throughout the open layout, highlighted by a charming arched doorway and abundant natural light. The updated kitchen features quartz countertops white cabinetry and stainless steel appliances including a gas range, dishwasher, and refrigerator. The remodeled bath showcases a marble style tiled tub surround and tile flooring. A showstopping enclosed front sunroom with wrap-around windows adds flexible living space. In-unit washer and dryer included. The basement provides excellent storage and additional utility. The second floor unit offers 886 square feet with 2 bedrooms and 1 full bath. The spacious living area features ceiling fans and great natural light. The kitchen includes quartz countertops, gas range, dishwasher, and stainless refrigerator. The updated bath features a modern vanity and luxury vinyl plank flooring. This unit features its own private entrance with in-unit washer and dryer. Each tenant pays their own electric, gas, heat, scavenger, sewer, and water. Five exterior parking spaces included. Don't miss this turnkey income property in one of Downers Grove's most walkable neighborhoods!

    Zillow last checked:

    Listing updated:

    Listed by:

    Sabrina Glover, ABR,CSC,PSA 630-523-9989,

    Platinum Partners Realtors

    Bought with:

    Hileary Cleary

    Berkshire Hathaway HomeServices Chicago

    Source: MRED as distributed by MLS GRID,MLS#: 12683140MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Natural Gas
    Features
    • Basement: Unfinished,Full

    Property

    Parking
    • Total spaces: 5
    • Parking features: Off Street, Driveway, Yes, Owned
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Deck
    Lot
    • Size: 8,276 Square Feet
    Details
    • Parcel number: 0908213025
    • Special conditions: None
    • Other equipment: Ceiling Fan(s), Sump Pump

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Foundation: Block
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1927

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Park, Curbs, Sidewalks, Street Paved
    Location
    • Region: Downers Grove

    Financial & listing details

    • Tax assessed value: $164,877
    • Annual tax amount: $9,624
    • Date on market: 6/25/2026
    • Listing terms: Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    8/28/2026Sold$600,000
    Source: MRED as distributed by MLS GRID #12683140 Report a problem
    8/24/2026Pending sale$600,000
    Source: MRED as distributed by MLS GRID #12683140 Report a problem
    7/8/2026Contingent$600,000
    Source: MRED as distributed by MLS GRID #12683140 Report a problem
    6/25/2026Listed for sale$600,000+35.7%
    Source: MRED as distributed by MLS GRID #12683140 Report a problem
    10/14/2022Sold$442,000-1.8%
    Source: MRED as distributed by MLS GRID #11492474 Report a problem
    9/20/2022Contingent$449,900
    Source: MRED as distributed by MLS GRID #11492474 Report a problem
    8/15/2022Listed for sale$449,900+45.1%
    Source: MRED as distributed by MLS GRID #11492474 Report a problem
    9/20/2005Sold$310,000+20.4%
    Source: Public Record Report a problem
    12/9/2003Sold$257,500
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$8,981 +5.2%$164,877 +8.8%
    2023$8,534 +1%$151,570 +5.6%
    2022$8,447 +6.8%$143,520 +1.1%
    2021$7,910 +1.8%$141,890 +2%
    2020$7,770 +3.1%$139,080
    2019$7,537 +4.1%--
    2018$7,241 +3.1%$126,700 +3.9%
    2017$7,024 +1.8%$121,920 +4.8%
    2016$6,901 +0.8%$116,360 +6.3%
    2015$6,847 +7.5%$109,480 +10.8%
    2014$6,372 +2.1%$98,850 +0.5%
    2013$6,243 +3.4%$98,380 -4.3%
    2012$6,038 +1.9%$102,810 -6.1%
    2011$5,923 +19.1%$109,480 +10.3%
    2010$4,974 +1.6%$99,260 -5.8%
    2009$4,895 +14.8%$105,360 +10.2%
    2008$4,265 +4.4%$95,590 +5.9%
    2007$4,087 +7.9%$90,260 +10.2%
    2006$3,788 +4.1%$81,890 +7.7%
    2005$3,637 +10%$76,030 +14.6%
    2004$3,305 +5.3%$66,320 +10%
    2003$3,138 +6.4%$60,290 +10.3%
    2002$2,950 +3.3%$54,680 +6.8%
    2001$2,856 +1.9%$51,210 +3.5%
    2000$2,802 $49,480
    Find assessor info on the county website

    Neighborhood: 60515

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Lester Elementary School
    • Middle: Herrick Middle School
    • High: North High School
    • District: 58

    Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $600,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $600,100